natalie407888
22.06.2021 •
Business
The financial statements of the Kingbird, Inc. reports net sales of $323700 and accounts receivable of $49000 and $29000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Kingbird
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Ответ:
See below
Explanation:
Given that;
Net sales = $323,700
Beginning accounts receivables = $49,000
Ending accounts receivables = $29,000
Account receivable turnover is computed as
= Net credit sales / Average accounts receivables
Average accounts receivables = $49,000 + $29,000 / 2 = $39,000
Net sales = $323,700
Then,
Accounts receivable turnover = $323,700 / $39,000
Account receivables turnover = 8.3 times
Ответ:
protein
Explanation: